28 Jan 2012

Britons To Face Fuel Chaos

British motorists are to face record fuel prices as one of the country's biggest oil refineries goes bankrupt ceasing deliveries of petrol, diesel, and heating oil.The average price of petrol across Britain rose to 134.03p per litre (from 133.89p) with the price of diesel rising to 142.32p per liter (from 142.21p). The recent hike in the price of fuel in Britain comes as the Coryton refinery on the Thames, which refines over 170,000 barrels of crude oil a day, went bankrupt and suspended its supplies. 
Moreover, further increases in the price of fuel across Britain were predicted as the chairman of RMI Petrol, Brian Madderson, said: By the end of the month, diesel will have hit a record high while petrol will be pushing up towards record levels as suppliers scrabble to bring in supplies from Europe.”

 

The price of diesel is predicted to rise to a record GBP 1.45 per liter, which would mean that a typical family saloon would cost GBP 100 to be filled up. 

The record hikes in the price of fuel in Britain come less than a week after the European Union countries announced an embargo on Iran's oil exports. 

Fuel retailers in Britain have warned that British motorists will face further chaos as a result of the EU's decision. 

Furthermore, the increase in fuel price in the UK will adversely impact the London Olympic Games as Richard Howitt, East of England Euro MEP, said: “I don't want to be alarmist about this, but I don't want to be dishonest either. Supplies across London and the South East could be affected and I have been told this could impact the Olympics.” 



Source/UK banned Press TV